Bain Capital Public Equity Management II LLC Invests $30.71 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Bain Capital Public Equity Management II LLC purchased a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 143,735 shares of the insurance provider's stock, valued at approximately $30,706,000. Reinsurance Group of America accounts for about 1.4% of Bain Capital Public Equity Management II LLC's investment portfolio, making the stock its 19th biggest position. Bain Capital Public Equity Management II LLC owned approximately 0.22% of Reinsurance Group of America at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after acquiring an additional 893,537 shares in the last quarter. Norges Bank bought a new position in shares of Reinsurance Group of America in the fourth quarter worth $174,082,000. FMR LLC increased its holdings in shares of Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after purchasing an additional 564,693 shares during the period. Invesco Ltd. boosted its stake in Reinsurance Group of America by 34.4% during the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock valued at $201,802,000 after buying an additional 241,669 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Reinsurance Group of America during the fourth quarter worth about $48,724,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RGA shares. Morgan Stanley cut their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Evercore ISI dropped their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Piper Sandler lowered their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $230.69.

Reinsurance Group of America Stock Up 0.6 %

NYSE:RGA traded up $1.28 during mid-day trading on Wednesday, hitting $199.47. 348,989 shares of the company's stock were exchanged, compared to its average volume of 405,428. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The business has a fifty day moving average price of $188.88 and a 200 day moving average price of $207.21. The company has a market cap of $13.18 billion, a PE ratio of 18.57 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.02 EPS. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's payout ratio is 30.04%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.